secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000004962-24-000074
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

AmEx reports Nov credit metrics: consumer write-off rate down, small-business up
--------------------------------------------------------------------------------

- U.S. Consumer net write-off rate (principal) fell to 2.0% in Nov from 2.4% in Oct; 30+ day delinquency stable at 1.4%.
- U.S. Small Business net write-off rate rose to 2.3% in Nov from 2.2% in Oct; delinquency unchanged at 1.5%.
- Total Card Member loans (Consumer + Small Business) grew to $120.0B at Nov 30 from $118.5B at Oct 31.
- Lending Trust annualized default rate was 1.3% in Nov vs 1.5% in Oct and 1.3% in Sep.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000074/0000004962-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496224000074/axp-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000004962-24-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer